ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) Short Interest Down 18.8% in August

ALPEK, S.A.B. de C.V. (OTCMKTS:ALPKF) was the target of a significant decline in short interest in August. As of August 15th, there was short interest totalling 2,138,200 shares, a decline of 18.8% from the July 31st total of 2,633,800 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

ALPEK Price Performance

Shares of ALPKF opened at $0.60 on Friday. ALPEK has a 1 year low of $0.60 and a 1 year high of $1.20. The company’s 50 day simple moving average is $0.60 and its 200 day simple moving average is $0.60.

About ALPEK

Alpek, SAB. de C.V., together with its subsidiaries, operates as a petrochemical company in Mexico and internationally. It operates in two segments, Polyester, and Plastic and Chemicals. The Polyester segment produces purified terephthalic acid (PTA), an organic compound that is raw material for PET; polyethylene terephthalate (PET), a plastic resin for use in the beverage bottles, food containers, and consumer good packaging applications; recycled PET for new bottles and containers, strapping and packing supplies, and fibers for clothing and carpet; and polyester fibers, such as staple fiber for use in carpets, home furnishings, and garments; and filament for clothing, automotive interiors, and seatbelts, as well as canvases, conveyor belts, hoses, and other industrial application.